U.S. Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng and other senior officials in Madrid next week to continue high-level talks on trade, economic, and national security matters, according to the Treasury. The meetings, part of Bessent’s September 12–18 trip to Spain and Britain, will also address TikTok’s status and joint efforts to combat money laundering. This marks the fourth major in-person meeting between Bessent and He in 2025, as both sides aim to preserve a fragile trade truce that has eased retaliatory tariffs and resumed Chinese rare earth exports to the U.S. The Treasury described the talks as part of ongoing efforts to “manage strategic competition responsibly.”